EigenInsure | Devpost

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EigenInsure is a decentralized insurance protocol powered by EigenLayer.

Inspiration 💡

Insurance companies should protect people, not exploit them. Yet:

🏠 1 in 2 homes weren’t paid out by State Farm after the LA fires.
🚑 A 2009 Harvard study found that 45,000 people died annually due to lack of health insurance—more than double the number of homicides that year.

This is unacceptable. Insurance should be fair, transparent, and accessible to all.

What It Does ⚖️

EigenInsure is a protocol that:
✅ Issues insurance instantly using AI & on-chain data.
✅ Processes claims fairly & transparently with EigenLayer’s AVS.
✅ Eliminates bias & human greed, ensuring claims are approved based on verifiable evidence, not profit motives.

How We Built It 🛠️

AI Agent verified using Opacity, ensuring tamper-proof claim assessments.
EigenLayer AVS for unbiased & decentralized claim verification.
Smart contracts to store policies & automate payouts.
Metamask integration for a seamless user experience.

Challenges We Ran Into 🚧

First time working with EigenLayer & Opacity’s verifiable agents.
Designing a pricing model that’s fair, sustainable & secure.
Create a versatile and comprehensive platform that could be scaled to any insurance domain.

Accomplishments That We're Proud Of 🏆

✅ Successfully built a trustless, concensus-based insurance system using EigenLayer AVS and deployed it to the testnet.
✅ Developed an AI-powered claims assessment that eliminates bias.
✅ Created a **seamless UX, allowing users to buy insurance **within seconds.
✅ Managed to **get feedback and aproval* from a recognized french life insurer (SPVIE).

What's Next for EigenInsure? 🔮

📌 Target the housing insurance market because of its non-private and easily verifiable data.
📌 Write explicit legal contracts for the operators to rely on.
📌 Insure our insurance pool.